Sabien Technology Group PLC
14 February 2008


 14th February 2008


Sabien Technology Group Plc


Unaudited interim results for the period to 31 December 2007



Sabien Technology Group is pleased to announce its interim results for the
period to 31 December 2007


Highlights: July - Dec 2007

•    New orders won including Deutsche Bank and O2
•    Continued sales of M2G to The Royal Bank of Scotland Group
•    Significant new customer pipeline
•    Project 10 pilots commenced
•    First sale of M3G achieved in UK
•    Overseas distributors have successfully carried out their first
     installations of M2G in Italy and China respectively


Highlights: Jan 2008 -

•    Orders received for £42,550 from DEFRA and The Institution of Civil
     Engineers


Commenting on the results, Dr Clive Morton O.B.E., non-executive Chairman, said:

"Since being admitted to AIM, Sabien has been building its sales pipeline and we
believe it is now well placed to becoming a significant player in the UK energy
efficiency sector.

The Group is continuing to win and invest in new business for its M2G and M3G
products and the benefits of this are being seen in the positive level of
interest and the high number of quotations being produced for prospects.

Revenues for the 6 months under review are slightly behind (£79K) those of the
equivalent period for last year; however we are experiencing increased interest
and orders in our product range sufficient to deliver higher levels of turnover
than in the first half. Therefore the Board remains confident that the full year
result will demonstrate growth over the year as a whole."


Alan O'Brien, Chief Executive Officer, said:

"The Group has made good progress over the period and we are seeing a consistent
flow of new sales and sales enquiries for our products, both in the UK and
internationally through our distributors. Our new customer pipeline has grown
significantly over the period as we continue to target multiple site
organisations."


For further information:

Sabien Technology Group plc                              020 7993 3700
Alan O'Brien - Chief Executive Officer
Gus Orchard Finance Director

Arbuthnot Securities (NOMAD)                             020 7012 2000
Antonio Bossi

Madano Partnership (Financial PR Advisers)               020 7593 4000
Mark Way/Matthew Moth


CHIEF EXECUTIVE OFFICER'S REPORT


Sales Performance:

  • Sales during the period were £500,000 which resulted in a loss before tax
    of £347,000 which was in line with internal forecasts. Cash at the end of
    the period was £1.9 million (£2.1 million at 30 June 2007).

  • During the period the Group has won a number of new orders for M2G from
    both existing customers such as Royal Bank of Scotland and new customers
    including Deutsche Bank and O2.

  • The O2 pilot scheme alone had an average energy saving of over 20% saving
    a total over the period of 174 tonnes of CO2, equivalent to 47 tonnes of
    carbon.

  • We are quoting for new business with a value on average of £250k to £300k
    a month. Client evaluation orders range from 5 to 10 M2G units initially,
    although these are expected to convert to significant commercial orders over
    the next four to seven months.

  • Orders received for the period since 1 January 2008 of £42,550 from DEFRA
    and The Institution of Civil Engineers.

  • We have now delivered over 1,250 M2G units in total to RBS illustrating
    our competence at selling and project managing our technology into large
    multi-site organisations.

  • The first sales of the M3G air conditioning controller have been achieved.
      With the cooling season approaching, there is a growing interest in this
    product from existing and potential customers.

  • We are now working with some of the UK's leading Facility Management and
    Carbon Management Consultancies, who are promoting M2G and our air
    conditioning product, M3G, as part of their energy efficiency solution to
    their clients.

  • The first pilot installations of M2G in overseas territories have been
    achieved in Italy and China and we are in discussions to establish M2G and
    M3G distribution networks in North America and Europe


Project 10

Our Project 10 pilots are well under way and the results will be known over the
course of the next few months. Preliminary indications show that satisfactory
savings are already being achieved. The combined sales potential across all
participating clients is estimated to be worth over £30 million for a full
rollout across their multi- site offices and buildings.

Sabien is perfectly placed to exploit increased customer demand for reductions
in their energy bills while adhering to their corporate and social
responsibility. Gas prices in Europe have quadrupled over the last 6 years
shortening client payback periods and protecting our overall gross margin.
Sabien Technology does not require government support or feed in tariffs to
deliver positive economic returns to its customers and in today's tough spending
environment we remain confident about the future prospects for our business. We
look forward to reporting further progress over the coming year.


About Sabien Technology

* Sabien (AIM: SNT) is focused on the manufacture and sale of M2G and M3G energy
saving devices which are proven to reduce energy consumption on commercial
boilers and air conditioning units by up to 35%.

* Sabien was set up in 2004 to commercialise M2G, an energy saving technology
which reduces gas consumption used in commercial boilers. In September 2007,
Sabien launched M3G which reduces electricity consumption in commercial
air-conditioning units. Both M2G and M3G are proven to reduce carbon and energy
consumption by up to 35% with typical pay back in fewer than two years.

* With interest in 'green issues' being at an all time high for private and
public organisations, the need to achieve both financial savings as well as an
improved environmental profile is becoming increasingly important in the
Boardrooms of UK PLC.

* Rising energy prices also create a more immediate imperative to reduce energy
consumption and cut energy costs. The urgency to seek new solutions is most
definitely a growing feature of the market and consequently companies are
beginning to implement energy strategies to meet challenging energy reduction
targets.

* A number of customers are already using M2G including the Royal Bank of
Scotland Group, Ford Motor Company, Bank of England, Institution of Mechanical
Engineers, Investec Bank and an NHS Trust. The M2G is Carbon Trust approved and
qualifies for the Enhanced Capital Allowance Scheme.


Unaudited Condensed Group Income Statement for the period ended 31 December 2007

                                          Notes      6 months to 31   6 months to 31     Year to
                                                      December 2007    December 2006     30 June
                                                                                            2007
                                                          Unaudited        Unaudited     Audited
                                                              £'000            £'000       £'000

Revenue                                                         500              579         632
Cost of Sales                                                 (108)            (194)       (147)
Gross Profit                                                    392              385         485

Other income                                                     60                4          69
Distribution costs                                            (122)             (25)        (52)
Administrative expenses                                       (600)            (399)     (1,082)
Finance costs                                                  (77)            (103)       (167)
Loss before tax                                               (347)            (138)       (747)

Corporation tax recovery                                          -                -           2
Loss for the period attributable to                           (347)            (138)       (745)
equity holders of the parent company

Loss per share in pence - basic and          2               (1.3p)           (1.9p)      (2.8p)
diluted



Unaudited Condensed Group Balance Sheet
                                          Notes     31 December      31 December         
                                                           2007             2006     30 June 2007
                                                      Unaudited        Unaudited          Audited
                                                          £'000            £'000            £'000
ASSETS
Non-current assets
Property, plant and equipment                                49               15               47
Other intangible assets                                   2,444            2,577            2,511
                                                          2,493            2,592            2,558

Current assets
Inventories                                                 130               13               71
Trade receivables                                            82              212               28
Other current assets                                        100               63              121
Cash and cash equivalents                                 1,909            3,042            2,148
                                                          2,221            3,330            2,368

Current liabilities
Trade and other payables                                    106              420               39
Short term provisions                                       193              277              183
Total current liabilities                                   299              697              222

Non-current liabilities
Long-term borrowings                                        437              408              422
Long-term provisions                                      2,035            1,926            2,002
Total non-current liabilities                             2,472            2,334            2,424

Net assets                                                1,943            2,891            2,280

SHAREHOLDERS' EQUITY
Equity attributable to equity holders of the parent
Share capital                               3             1,329            1,329            1,329
Other reserves                                            1,611            1,604            1,601
Retained earnings/(losses)                                (997)             (42)            (650)
Total equity                                              1,943            2,891            2,280



Condensed Cash Flow statement

                                                         6 months to     6 months To            Year To
                                            Notes        31 December     31 December            30 June      
                                                                2007            2006               2007
                                                               £'000           £'000              £'000
Cash flows from operating activities
Loss before taxation                                           (347)           (138)              (747)
Adjustments for:
Depreciation and amortisation                                     74              75                148
Investment income                                               (60)             (4)               (69)
Interest expense                                                  77             103                167
Share based payments                                              10               -                104
Increase in trade and other receivables                         (33)           (254)              (128)
Increase in inventories                                         (59)              59                  1
Increase in trade and other payables                              78             273              (166)
Net cash from operating activities                             (260)             114              (690)

Cash flows from investing activities
Purchase of property, plant and equipment                        (9)            (14)               (53)
and intangible assets
Finance income                                                    60               4                 69
Net cash used in investing activities                             51            (10)                 16

Cash flow from financing activities
Proceeds from issue of share capital                               -           2,841              2,826
(Repayment of) long term borrowings                             (30)              21               (80)
Net cash from financing activities                              (30)           2,862              2,746

Net (decrease)/increase in cash and cash equivalents           (239)           2,966              2,072
Cash and cash equivalents at beginning of period               2,148              76                 76
Cash and cash equivalents at end of period                     1,909           3,042              2,148



Condensed Consolidated Statement of Changes in Equity


                           Share        Share       Merger  Shares to  Share based     Retained      Total
                         Capital      Premium      Reserve  be issued      payment     Earnings     Equity
                                                                           reserve
                           £'000        £'000        £'000      £'000        £'000        £'000      £'000

Balance at 1 July 2006     1,021            -      (1,021)          -            -           95         95

Loss for the period            -            -            -          -            -        (137)      (137)
Issue of share capital         -            -          250          -            -            -        250
on merger
Issue of share capital       308        2,892            -          -            -            -      3,200
on merger
Share issue costs              -        (609)            -          -            -            -      (609)
Convertible loan -             -            -            -         92            -            -         92
shares to be issued

Balance at 31 December     1,329        2,283        (771)         92            -         (42)      2,891
2006

Loss for the period            -            -            -          -            -        (608)      (608)
Share issue costs              -         (15)            -          -            -            -       (15)
Employee share option          -            -            -          -           12            -         12
scheme - value of
services provided

Balance at 1 July 2007     1,329        2,268        (771)         92           12        (650)      2,280

Loss for the period            -            -            -          -            -        (347)      (347)
Employee share option          -            -            -          -           10            -         10
scheme - value of
services provided

Balance at 31 December     1,329        2,268        (771)         92           22        (997)      1,943
2007



Notes to the Financial Statements


1.         Basis of Preparation of Financial Information

The interim financial information has not been audited or reviewed by the
auditors and does not constitute statutory accounts for the purpose of Section
240 of the Companies Act 1985.

The financial information in this document has been prepared using accounting
principles generally accepted under International Financial Reporting Standards
and is consistent with those used in the preparation of the most recent annual
financial statements.

The following significant principal accounting policies have been used
consistently in the preparation of the consolidated financial information of the
Group.


a)         Basis of consolidation:

The condensed consolidated balance sheet and income statement includes the
financial statements of the Company and its subsidiaries at 31 December 2007.
The complete consolidated financial statements incorporate the financial
statements of the Company and entities controlled by the Company (its
subsidiaries) made up to 30 June each year. Control is achieved where the
Company has the power to govern the financial and operating policies of an
investee entity so as to obtain benefits from its activities.

Except as noted below, the financial information of subsidiaries is included in
the consolidated financial statements using the acquisition method of
accounting. On the date of acquisition the assets and liabilities of the
relevant subsidiaries are measured at their fair values.

All intra-Group transactions, balances, income and expenses are eliminated on
consolidation.

Accounting for the Company's acquisition of the controlling interest in Sabien
Technology Limited: The Company's controlling interest in its directly held
subsidiary, Sabien Technology Limited, was acquired through a transaction under
common control, as defined in IFRS 3 Business Combinations. The Directors note
that transactions under common control are outside the scope of IFRS 3 and that
there is no guidance elsewhere in IFRS covering such transactions.

IFRS contain specific guidance to be followed where a transaction falls outside
the scope of IFRS. This guidance is included at paragraphs 10 to 12 of IAS 8
Accounting Policies, Changes in Accounting Estimates and Errors. This requires,
inter alia, that where IFRS does not include guidance for a particular issue,
the Directors may also consider the most recent pronouncements of other standard
setting bodies that use a similar conceptual framework to develop accounting
standards. In this regard, it is noted that the UK standard FRS 6 addresses the
question of business combinations under common control.

In contrast to IFRS 3, FRS 6 sets out accounting guidance for transactions under
common control which, as with IFRS 3, are outside the scope of that accounting
standard. The guidance contained in FRS 6 indicates that merger accounting may
be used when accounting for transactions under common control.

Having considered the requirements of IAS 8, and the guidance included in FRS 6,
it is considered appropriate to use a form of accounting which is similar to
pooling of interest when dealing with the transaction in which the Company
acquired its controlling interest in Sabien Technology Limited.

In consequence, the Consolidated Financial Statements for Sabien Technology
Group Plc report the result of operations for the year as though the acquisition
of its controlling interest through a transaction under common control had
occurred at 1 October 2005. The effect of intercompany transactions has been
eliminated in determining the results of operations for the year prior to
acquisition of the controlling interest, meaning that those results are on
substantially the same basis as the results of operations for the year after the
acquisition of the controlling interest.

Similarly, the consolidated balance sheet and other financial information have
been presented as though the assets and liabilities of the combining entities
had been transferred at 1 October 2005.

The Group has taken advantage of section 131 of the Companies Act 1985 and has
debited the difference arising on the merger with Sabien Technology Limited to a
merger reserve.

Seasonality: The business of the Group is not seasonal and there are no
substantial and recurring variations between the results in the first
half-yearly period compared to the second half-year.


b)         Fixed asset investments

Fixed assets investments are stated at cost less any provision for impairment in
value.


c)         Deferred consideration

Deferred consideration is discounted from the anticipated settlement date at the
Group's weighted average cost of capital.


d)         Compound financial instruments

Compound financial instruments issued by the Group comprise convertible loan
notes. The liability component of the instrument is initially recorded at the
fair value of a similar instrument which does not have an equity component. The
difference between the net proceeds and the fair value is recorded as the equity
component and recognised directly in equity.  Subsequent to initial recognition,
the liability component is measured at amortised cost using the effective
interest method and the amortisation charge arising recorded in the profit and
loss for the period


2.         Earnings per share (EPS)

The calculation of the basic earnings per share is based on the earnings
attributable to the ordinary shareholders, divided by the weighted average
number of shares in issue in the period.

Due to the loss incurred in the period under review, the dilutive securities
have no effect as at 31 December 2007.

                                                        6 months ended   6 months ended  Year to 30 June
                                                      31 December 2007 31 December 2006             2007
                                                                 £'000            £'000            £'000

Earnings for the period                                          (347)            (138)            (745)

Weighted average number of shares in issue                  26,570,511        7,318,392       26,570,511

Earnings per share - basic                                      (1.3p)           (1.9p)           (2.8p)


3.         Share capital

The Company's authorised and issued ordinary share capital, at the date of this
Balance Sheet is:

                                                                        Amount            Number of
                                                                                    Ordinary Shares

Authorised                                                          £2,500,000           50,000,000
Issued and fully paid                                               £1,328,526           26,570,511


4.         Seasonality

The business of the Group is not seasonal and there are no substantial and
recurring variations between the results in the first half-yearly period
compared to the second half-year.


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